International Assets Investment Management LLC Purchases New Position in Black Stone Minerals, L.P. (NYSE:BSM)

International Assets Investment Management LLC purchased a new stake in shares of Black Stone Minerals, L.P. (NYSE:BSM) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 54,556 shares of the oil and gas producer’s stock, valued at approximately $8,240,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Avidian Wealth Solutions LLC purchased a new stake in Black Stone Minerals in the first quarter worth approximately $439,000. ORG Partners LLC purchased a new stake in Black Stone Minerals in the first quarter worth approximately $224,000. SG Americas Securities LLC purchased a new stake in Black Stone Minerals in the first quarter worth approximately $102,000. Hilltop National Bank purchased a new stake in Black Stone Minerals in the first quarter worth approximately $177,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new stake in Black Stone Minerals in the first quarter worth approximately $290,000. Institutional investors own 14.49% of the company’s stock.

Insider Buying and Selling at Black Stone Minerals

In other Black Stone Minerals news, SVP Carrie Pearson Clark sold 18,532 shares of Black Stone Minerals stock in a transaction on Monday, August 26th. The shares were sold at an average price of $14.84, for a total value of $275,014.88. Following the sale, the senior vice president now directly owns 116,923 shares in the company, valued at approximately $1,735,137.32. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Black Stone Minerals news, CEO Thomas L. Carter, Jr. bought 100,000 shares of Black Stone Minerals stock in a transaction dated Friday, September 6th. The shares were purchased at an average cost of $14.12 per share, for a total transaction of $1,412,000.00. Following the acquisition, the chief executive officer now directly owns 3,133,128 shares in the company, valued at approximately $44,239,767.36. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Carrie Pearson Clark sold 18,532 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $14.84, for a total transaction of $275,014.88. Following the completion of the sale, the senior vice president now owns 116,923 shares in the company, valued at approximately $1,735,137.32. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 18.60% of the stock is currently owned by insiders.

Black Stone Minerals Stock Performance

BSM opened at $14.74 on Friday. Black Stone Minerals, L.P. has a fifty-two week low of $13.94 and a fifty-two week high of $18.55. The firm’s fifty day moving average is $14.88 and its 200 day moving average is $15.35. The stock has a market cap of $3.32 billion, a price-to-earnings ratio of 9.96 and a beta of 0.93.

Black Stone Minerals (NYSE:BSM) last released its earnings results on Monday, August 5th. The oil and gas producer reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.08). Black Stone Minerals had a net margin of 64.88% and a return on equity of 37.93%. The firm had revenue of $109.62 million for the quarter, compared to analysts’ expectations of $124.24 million. During the same quarter last year, the firm posted $0.35 EPS. On average, equities research analysts predict that Black Stone Minerals, L.P. will post 1.31 earnings per share for the current year.

Black Stone Minerals Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 8th will be issued a $0.375 dividend. The ex-dividend date is Friday, November 8th. This represents a $1.50 dividend on an annualized basis and a yield of 10.18%. Black Stone Minerals’s dividend payout ratio is currently 101.35%.

Analyst Ratings Changes

BSM has been the topic of several analyst reports. StockNews.com upgraded shares of Black Stone Minerals from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. Piper Sandler dropped their price target on shares of Black Stone Minerals from $17.00 to $15.00 and set a “neutral” rating on the stock in a research note on Thursday, August 15th.

About Black Stone Minerals

Black Stone Minerals, L.P., together with its subsidiaries, owns and manages oil and natural gas mineral interests. It owns mineral interests in approximately 16.8 million gross acres, nonparticipating royalty interests in 1.8 million gross acres, and overriding royalty interests in 1.6 million gross acres located in 41 states in the United States.